Century Bank - History

History

Founded in 1900 as the First National Bank of New Boston, the name was officially changed in 1998 to Century Bank, with a plan was instituted for regional expansion. In August 2002, Century Bank launched a seven-day banking schedule so that both lobbies and drive-thrus remained open for business seven days a week and most holidays.

On August 13, 2008, San Francisco-based Wells Fargo announced its plans to acquire Century Bank and all its operations. The merge of Century Bank into Wells Fargo's community banking operations, pending regulatory approval as of September 2008, would mark the latter's first entry into Arkansas (with four branches) making it its 24th community banking state. In addition, the proposed deal potentially bolsters Wells Fargo's position in the Dallas-Fort Worth market, where the bank holds the third largest market share versus Century's 30th largest among 185 area financial institutions. On December 31, 2008, Wells Fargo completed its acquisition of Century Bank and on April 27, 2009, began serving customers under the Wells Fargo brand.